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Search Results 0 to 25 of about 26 (some duplicates have been removed)
the markets from foreign capitol and from jack lew as treasury nominee. u.s. economics editor for "the economist," and senior economics reporter steve leaseman. steve, first to you. what are the markets saying? what is jack lew's reputation in wall street and what do you see coming forward with debt negotiations? >> i think this appointment is being taken advisedly in the sense that it's a kind of wait and see. you know, from my perspective, having covered more or less -- more or less degrees, seven of the past treasury secretaries, jack lew does come to the table with a bio that perhaps has less independence in it than any treasury secretary i can remember. robert rubin, hailing from goldman sachs, salary summers was a renowned economist. paul o'neil from alcoa. there's nothing on lew's resume that suggests any measure of independence. markets want a little bit of independence from their treasury secretary. that said, if jack lew's appointment can, in fact, result in some kind of longer term budget deal affixed to entitlements, tax reform, corporate and individual that i think markets
treasury secretary. big job. he want jack lew to replace timothy geithner. lew has been a budget director for president obama and former president clinton. he also has experience with banks. the former chief operating officer for city groi group. he has a wife and two children. ali, good to see you, my friend. lew is considered a budget whiz as we were discussing yesterday. >> yeah. >> a seclude negotiator if you like. quality that will come in handy when he takes on the negotiations with congress on the debt, reining in spending. tell us what you know about his negotiating style. >> i'll tell you, the one problem is that the white house in general has not been seen as the most successful group of negotiator. being the chief of staff to president obama might be seen as a bit partisan for the job. let me tell you, four years ago, michael, the world was in a financial crisis, it all circulated around banks and credit and central banks. timothy geithner was the guy for the job. head of the federal reserve. he was in the room when they decided to let lehman brothers fail. he knew what was goi
obama will announce jack lew as his nominee for secretary of treasurer. he staffers believe it will be approved. analyst say the president's pick is a sign he will move forward with planned economic reforms and do so aggressively. mr. lew served as coo of nyu and worked at citigroup and served as white house office of management and budget chief and is currently white house chief of staff. apparently job one will be to work with congress to raise the borrowing limit and prevent default that could come as soon as next month. the announcement is at 1:30 p.m. eastern time. stay with "power lunch." we will take you inside the white house for all the details. ty, back to you. >> very interesting. now, of course, another major event at the wlohite house. taking place right now. vice president biden's task force making a change in the way americans buy, sell and potentially use firearms. eamon javers live at the white house. eamon? >> there are some that biden himself might not participate in. we just heard from the vice prest as he emerged from his first meeting of the day and he
." >>> loyal lew. the president flushing out the second term cabinet today promoting the chief of staff jack lew to run the treasury. >> so for all of the talk out there about deficit reduction, making sure our books are balanced, this is the guy who did it. three times. over the past year, i have sought jack's advice on virtually every decision from economic policy to foreign policy. >> it signals a shift in white house priorities. if confirmed, lew replaces tim geithner whose background helped him navigate the financial vie sis and new wall street regulations and lew spent three years working with wall street the background is in budget fights and matches washington's new focus. lew was an aide to tip o'neill in the '80s helping score the social security deal with president reagan, led the budget office under president clinton and obama and helping not only to balance the budget in the '90s but generate a surplus. two years ago, he helped negotiate the budget control act. politico puts it this way. tim geithner was a banking man tapped to handle a banking crisis. jack lew is a budget guy b
to handle a banking crisis. jack lew is a budget guy being brought in to handle the government's fiscal disaster. on the hill, a handful of republicans oppose lew's confirmation but survived the process twice in four years at omb director and deputy secretary of state. we have jake sherman here. we're hearing yet another white man added to a cabinet with quite a few white men and dwindling number of females s. the president and the team feeling president to add some more diverse faces to the team? >> they released a photo showing that president obama does, in fact, have female advisers in the inner circle and more opportunities yesterday. solis said she was stepping down from the labor department which she ran since the beginning of the administration. transportation is a role that they've been wishy-washy on whether ray la hood would say and more opportunities. susan rice is still around but a pr disaster for the white house. on the front page of "new york times," not something you want to do as trying to get your second term rolling and get a head start in to a year full of budget fig
to nominate jack lew to be the treasuresy secretary. joining us to discuss this are familiar faces. karl rove from texas. and joe trippi in washington. thank you for being here. i want to break down battles one-by-one. the first one getting attention is chuck hagel for defense secretary. how big of a bat doll you think this is. where do you think it will play out? >> this is the biggest of the five nomination fights we know about. maybe a vote against hagel. few republicans, none come to his defense. few republicans might vote for him. he has a contentious personal background. hard, acerbic and hard to work with. more important than that is the record on the issues. opposed to iranian sanctions. he opposed the iraq surge. defended dialogue with hamas. refused to join in a letter calling on e.u. to condemn hezbollah. he had a pejorative comment to jewish lobby. he has taken stances that indicateed he is less than supportive of the relationship with israel. >> there are two key democrats that could factor in how this goes. one is new york democratic senator schumer. >> he is staying quiet on th
of these markets plus a whole lot more including the imminent nomination of jack lew as treasury secretary may mean to the debt ceiling fight. we'll previau bank earnings which are about to kick o.those more than anything else could drive the markets in the coming weeks and aig will not join in former chief hank greenberg's lawsuit against the same u.s. taxpayers that bailed the company out. aig ceo bob benmoschy will be here. >> first take a look at the markets. what we're seeing is we have the markets higher though it's well off the highs. up 90 points on the dow industrials and we're up 34 points on the dow jones industrial average, 13,363 and the last trade on nasdaq has given up some of the oomph of earlier and the standard & poor's 500 has a similar chart pattern with a gain on the session of just 1.5 point, eking out positive territory. gentlemen, good to see you. thanks so much for spending the time. >> hi, maria. how are you? >> let's talk about this market because you certainly have a fair amount of issues that could seem troubling, and yet we continue to see money finding a home in equit
as jack lew is somebody who served as chief of staff. he was budget director before that. he served in hillary clinton's state department. he does not have a deep background and ties to wall street and business. he's a creature of congress, made his name in washington working for tip o'neal, the house speaker. very hard working, very key, very bright. republicans found him a difficult negotiators in some of the budget talks over the last couple of years, but i would expect, andrew, that he's going to be confirmed pretty handily even though he'll have difficult questions in his confirmation hearing. >> john, how disappointed -- and perhaps now, but it appears that the business community seems disappointed, if you read "the wall street journal" editorial page today. there's a sense of disappointment that the president didn't pick somebody from the business community, somebody with more experience in the world of finance private sector as joe would say. >> i understand the disappointment because they want one of theirs. but, you know, president obama wants one of his in that job. when
expected to nominate white house chief of staff jack lew later today to be the next treasury of the secretary, but if lou is confirmed he might consider sharpening that signature which will pretty much be on all u.s. currency. here it is loopy and arguably unreadable. current treasury secretary tim geithner said he had a similar problem before he took over. here it is before he took the job. and here what it looks like now. he improved his penmanship to make it easier for folks to read. i can't argue. have you seen mine? martha: it deteriorates with every passing year. bill: jack lew that --. martha: well it is the worst flu outbreak in at least a decade and doing a number on people across the country. the virus is reported in 41 states with nine states reporting high or severe levels of flu. boston's mayor says his city is under siege. he is declaring a public health emergency. the state of massachusetts reporting 18 flu-related deaths so far. the hospitals can barely contain all the people pouring into them. >> we're seeing significant rates of hospitalization, much more se
all cited by president obama as he nominated his chief of staff, jack lew, to be the next treasury secretary but the announcement is drawing attention to the makeup of the president's second-term cabinet. it's on track to be dominated by men. our white house correspondent brianna keilar is joining us from the white house. what is the white house saying about all of this? >> reporter: wolf, the white house has been asked about this quite a bit. white house press secretary jay carney has said that the president believes diversity is important and he's highlighted that there are a number of women serving in the white house and in the administration and indeed there are, wolf, and there's lack of topics in his cabinet. president obama choose a trusted insider to replace timothy geithner as treasury secretary. >> under president clinton, he presided over three budget surpluses in a row. so for all of the talk out there about deficit reduction, making sure our books are balanced, this is the guy who did it three times. >> reporter: jack lew, obama's chief of staff and former budget direc
why jack lew needs to work on his signature if he wants to be treasury secretary. >>> live in palo alto where there are numerous cases of women being sexually assaulted and we will tell you about the numerous cases here in the parking lot. >>> and the drive is not a bad drive at all, we will tell you more about the morning commute and the bay area weather. . >>> all right, welcome back, here is a quick look at some of the top stories we are following. a caster county man is facing charges in a bizarre drug case. he is accused of having a 5- foot alligator in his house guarding his marijuana. officials say he was right next to 34,000 marijuana buds valued at $134,000. a man convicted of murder said he killed his 89-year-old mother. dennis stanworth was out on parole for a life prison sentence for killing two teens in 1966. >>> and vice-president joseph biden is looking for ways to reduce gun violence. today he will be meeting with gun owner's groups, hunters and also representatives from the entertainment industry. >>> a flasher is on the loose on the peninsular. janine de la vega j
jack lew after taking the place of tim geithner. they are preparing for a new confrontation with republicans over debt and deficit. now this is interesting, if jack lew becomes treasury secretary he may want to work on his signature. right now it is a series of curely writing and it will appear on every u.s. treasury bill. tim geithner said he had to change his signature when he got the job to make it legible. >>> they are getting new information about the first homicide victim of 2013. it was outside of a house on tripoli avenue early sunday morning. they now identify him as ivan. they heard a loud argument and then several gunshots and he was pronounced dead at the scene. they are still searching for suspects and there is no word of a possible motive. >>> they now say people who live in san francisco, sonoma and contra costa counties can also participate. organizers will offer $200 for semiautomatic weapons and will also collect violent video games and if there is money left over, they will buy it back. they are at police headquarters in novato, san rafael and largos and a
out until january 25th in the treasury, giving jack lew to confirm and i guess perfect his signature. let's see what we've learned, what does he leave for jack lew. he got the stress test done. actually, that's not correct there. let's move away from that. what we're talking about here is the -- let me go to my notes. the stimulus was done -- but sustained growth was not. frank dod basel iii was not done. aig also done. what is the geithner model? what is the geithner doctrine? i think you can say like this, overwhelming government force when it's clear it's needed. b in a crisis, spend, regulate and guarantee and do it with conviction. let's talk about one of the things left over from the geithner years, which is going to be the issue of debt and deficit. i think you would say there was some accomplishment when it came to getting some of these deals in place. but ultimately, he probably thought that some of these things would come off and be declining faster than they have. we've learned a lot about the financial crisis. in fact, we're going to be debating the correct government res
a few minutes. media sources are saying it's white house chief of staff jack lew to replace outgoing treasury secretary tim geithner. you can see live coverage on the companion network, c-span. this week at six eastern on c-span2 we are featuring past programs to read to the supreme court justice antonin scalia on the book making your case the art of persuading judges and gives advice to lawyers on presenting oral argument. then at seven eastern it's another programs to convert >> back in the private student lending markets. you saw a lot of families who were not necessarily going to the colleges and another student was going to say in music school i wrote an article about a gardiner who said his son to college, the first in the family to go to college. the dad made about $21,000 a year in family income and he was able to borrow 6 feet to six figures for his son. there was no underwriting. and this lender by the way settled with the attorney general's office because i don't know if you remember, it was called the preferred lender list where the lender's word in some cases accused of
. is >> obama's nominee for treasury secretary, jack lew, is facing criticism because his signature, which will appear on the dollar bill, is completely ill legible. look at this signature. this is real. [ laughter ] in response, lew is like, i will fix this or my name isn't (garble). >> steve: it does look like a shrinky. >> alisyn: it does and reminiscent as "fox & friends" pointed out, of the hostess cupcake. that's jack lew's signature on the left and right. >> steve: how can you tell them apart? >> alisyn: you can't. >> eric: the scary part is if he would become secretary, he would be signing the dollar bills a lot of zeros there. a lot of debt. >> steve: it looks like a lot of zeros in his signature. that's how it would mock up if he is confirmed. >> eric: he needs six more zeros. >> steve: my wife said look at jack lew's signature that, is a good reason they need to keep cursive in the school. she told me that. this morning, did you realize that there are a number of states where they no longer teach cursive in the schools, since back in 2011, in the state of indiana, they just got
cabinet announcements in chuck hagel and just yesterday jack lew and while not a cabinet position, the president nominated john brennan to head the cia. all three posts need to be confirmed when the senate gets back to work. and speaking of approval, the president will kick off his second term seven points more popular than the first-term average flying in the face of history, though it's still early. five of the seven u.s. presidents re-elected since world war ii have been less popular in the second terms. so can the president use early momentum to push the policy agenda? let's spin. guys, i have been saying for a while now i think that his second term he's going the see a lot more pushback from the friends on the left than his foes on the right. for one, he's been re-elected. i think the gop has generally resigned themselves to the fact that they're going to be four more years to obama and they have a little less incentive to hang him for every misstep he has but democrats are incentives to watch him more carefully. one, payment, you know, a number of groups, unions for one, inv
january 25th. unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to take given that he was intimately involved in bank rescue operations over the past several years? and what kind of job could he take in the post-crisis world and still be eligible to come back into government if he wanted? fed chairman ben bernanke, he's expected to move on after his term expires in 2014, and geithner would clearly be someone the president would consider. according to sources, geithner wouldn't want the job but the president has been very successful in getting geithner to do things he hasn't wanted to, like stay on treasury for an extra year or two and geitner has been
to nominate his choice for treasury secretary today. the nominee, what house chief of staff jack lew. if confirmed by the senate, he would replace tim geithner. some complain that he is too unyielding in past fiscal negotiations, specifically alabama senator jeff sessions. he says, "jack lew must never be treasury secretary." adding, "any loan disqualifies." senator sessions is not saying yet whether he will filibuster the nomination. president obama will make the announcement at 1:30 p.m. eastern time, and you can hear it live on c-span radio or watch on c-span. meanwhile, labor secretary bill the sully's is resigning, saying she returns -- labor secretary hilda solis is resigning. responding to the news, president obama called her a tireless champion for working families. the white house says that attorney general eric holder, health and human services secretary kathleen sebelius, and -- will remain at their posts. a new rule on mortgages. the aim is to return -- for the first time, federal regulators are laying out rules to ensure mar words can afford to pay the cost of the mortga
will be replaced by who knows. tim geithner is out. he'll be replaced by a guy, jack lew, the guy who, if you've been watching the tv over the last day or so, jack lew is the guy who signs his name with what surely looks like a slinky. >>brian: front page "where are the women?" they take a picture and talk about the cabinet of the administration. all the women are being replaced by men. white men too on top of that. let me show you a picture in "the new york times." all we see is valerie jar rhett's leg -- valerie jarrett's leg. >>steve: on december 29 that is the pr-z meeting with ten guys and they're talking about the fiscal cliff. >>brian: could they back up a little. >>gretchen: this is a picture they released the day after, i believe. and you can see valerie jarrett front and center facing the president. then there are two other women who are in the photos. was it a reaction to that original picture? brian, you bring up a good point that there are no minorities -- there's one, i think, in that original picture. it is an interesting discussion because there was so much made in this last p
as treasury secretary. fox news confirming president obama is choosing jack lew. casey anthony lawyers will appeal today. anthony was found guilty of lying to detectives. >>steve: you might have said you liked it when you got it, but what do you do with all those christmas presents if you didn't really like them and don't really need them? don't feel bad because roughly 10% to 15 partly cloudy of all christmas gifts are taken back or exchanged. that adds up to nearly $88 billion worth of things. how can you turn your unwanted gifts into cash? we are joined by an expert, sandra smith. good morning to you. >> good morning. >>steve: for one reason or another we get stuff for christmas maybe we don't need. we've got four of those already. you've got a way you can make some money. >> you can open a closet and dedicate it to all those unwanted christmas gifts and use them throughout the year. maybe you get candles and soaps you may not want. however you may be going to a dinner party later in the year -- >>steve: you're talking about regifting. >> while it's not immediate cash in your pocket
Search Results 0 to 25 of about 26 (some duplicates have been removed)